Solving liner equations,anyone able to show the working outs and answer of: 5(2y-1) = 2(y - 1)​

The real future value of the investment (using the real interest rate) at the end of the 2-year deposit term will be $9,702.25.

Explanation:

To calculate this, we first calculate the real interest using the real interest formula as follows:

Real interest ratev= Nominal interest rate – Projected inflation rate …………………. (1)

Where;

Nominal interest rate = Annual rate of return = 0.7%

Inflation rate = 2.2%

Substituting the values into equation (1), we have:

Real interest rate = 0.7% - 2.2% = -1.50%, or -0.015

The real future value of the investment (using the real interest rate) at the end of the 2-year deposit term, can now be calculated using the future value formula as follows:

FV = P * (1 + r)^n (2)

Where;

FV =  real future value of the investment = ?

P = Amount to invest = $10,000

r = Real interest rate = -1.50%, or -0.015

n = number of years = 2

Substituting the values into equation (2), we have:

FV = $10,000 * (1 - 0.015)^2

FV = $10,000 * 0.970225

FV = $9,702.25

Therefore, the real future value of the investment (using the real interest rate) at the end of the 2-year deposit term will be $9,702.25.